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Working Paper
Home production and Social Security reform
Dotsey, Michael; Li, Wenli; Yang, Fang (2012)
This paper incorporates home production into a dynamic general equilibrium model of overlapping generations with endogenous retirement to study Social Security reforms. As such, the model differentiates both consumption goods and labor effort according to their respective roles in home production and market activities. Using a calibrated model, we find that eliminating the current pay-as-you-go Social Security system has important implications for both labor supply and consumption decisions and that these decisions are influenced by the presence of a home production technology. Comparing our ...
Working Papers , Paper 12-5

Journal Article
Moonlighting
Ritter, Joseph A. (1998-01)
National Economic Trends , Issue Jan

Working Paper
The demand for labor at the world's largest banking organizations
Hunter, William C.; Timme, Stephen G. (1989)
FRB Atlanta Working Paper , Paper 89-6

Journal Article
Are displaced workers now finished at age forty?
Rodriguez, Daniel; Zavodny, Madeline (2000-04)
In recent years, the media has devoted considerable attention to the effects of downsizing and corporate restructuring on U.S. workers. Economists as well as the media have focused in particular on the plight of laid-off, or "displaced," middle-aged workers. Because many displaced workers incur significant costs, the displacement rate and the effects of displacement on workers are of concern to policymakers. ; The conventional wisdom that middle-aged workers face an increased risk of being displaced and increased difficulties after displacement is partially borne out by this article's ...
Economic Review , Volume 85 , Issue Q2 , Pages 33-48

Working Paper
A two-sector model of endogenous growth with leisure externalities
Lu, Chia-Hui; Azariadis, Costas; Chen, Been-Lon; Wang, Yin-Chi (2012)
This paper considers the impact of leisure preference and leisure externalities on growth and labor supply in a Lucas [12] type model, as in Gmez [7], with a separable non-homothetic utility and the assumption that physical and human capital are both necessary inputs in both the goods and the education sectors. In spite of the non-concavities due to the leisure externality, the balanced growth path is always unique, which guarantees global stability for comparative-static exercises. We find that small differences in preferences toward leisure or in leisure externalities can generate ...
Working Papers , Paper 2012-045

Working Paper
Comparative Advantage and Moonlighting
Fuller, David L.; Vandenbroucke, Guillaume; Auray, Stéphane (2021-08)
We document three facts: (i) Higher educated workers are more likely to moonlight; (ii) conditional on education, workers with higher wages are less likely to moonlight; and (iii) the prevalence of moonlighting is declining over time for all education groups. We develop an equilibrium model of the labor market to explain these patterns. A dominating income effect explains the negative correlation of moonlighting with productivity in the cross section and the downward trend over time. A higher part-to-full time pay differential for skilled workers (a comparative advantage) explains the ...
Working Papers , Paper 2019-016

Journal Article
On the aggregate labor supply
Chang, Yongsung; Kim, Sun-Bin (2005-01)
Economic Quarterly , Volume 91 , Issue Win , Pages 21-37

Journal Article
The shadow labor supply and its implications for the unemployment rate
Mustre-del-Rio, Jose; Davig, Troy A. (2013-07)
In the wake of the Great Recession there has been a sharp rise in the number of people who indicate they want a job, but are not actively seeking one. This group, on the periphery of the labor market, may be viewed as a "shadow labor supply." Since they are not actively seeking work, they are not counted by the government as unemployed and not considered part of the labor force. But if many start seeking jobs as the economy recovers, the unemployment rate could rise or at least slow its descent. Davig and Mustre-del-Ro analyze possible flow rates from this group and other non-employed ...
Economic Review , Issue Q III , Pages 5-29

Journal Article
The labor market in an expanding economy
anonymous (1972-09)
Federal Reserve Bulletin , Issue Sep , Pages 747-756

Journal Article
Decline in labor force participation could lower standard of living
Poole, William (2007-04)
The Regional Economist , Issue Apr , Pages 3

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